Home / Expert Answers / Economics / 16-consider-the-production-possibility-frontier-of-an-economy-in-figure-1-1-what-is-the-opportuni-pa881

(Solved): 16. Consider the production possibility frontier of an economy in Figure 1-1. What is the opportuni ...




16. Consider the production possibility frontier of an economy in Figure 1-1. What is the opportunity cost of moving from poi
16. Consider the production possibility frontier of an economy in Figure 1-1. What is the opportunity cost of moving from point to point to produce 5 more apples? 15 computers. 5 computers. 25 computers. 10 computers.


We have an Answer from Expert

View Expert Answer

Expert Answer





The production possibility frontier shows the maximum combinations of two goods that an economy can produce with its given resources and technology. The opportunity cost of producing an additional unit of a good is the amount of another good that must be given up.


Assuming that the production possibility frontier is a straight line, we can calculate the slope of the line at points B and C to determine the opportunity cost of producing 5 more apples.

We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe